BALA CYNWYD, Pa., May 9, 2016 /PRNewswire/ -- Law office of Brodsky
& Smith, LLC announces that it is investigating potential
claims against the Board of Directors of Krispy Kreme Doughnuts,
Inc. ("Krispy Kreme" or "the Company") (NYSE- KKD-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to JAB Beech, Inc
("JAB Beech").
Click here to learn more about the investigation
http://brodsky-smith.com/1071-kkd-krispy-kreme-doughnuts-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Krispy Kreme shareholders
will receive only $21.00 in cash for
each share of Krispy Kreme stock they own. The investigation
concerns whether the Board of Krispy Kreme breached their fiduciary
duties to shareholders and whether JAB Beech is underpaying for the
Company. The transaction may undervalue the Company and would
result in a loss for many Krispy Kreme shareholders. For example,
Krispy Kreme stock traded at $22.10
per share on February 26, 2015 and an
analyst has set a price set a price target on Krispy Kreme stock at
$24.00 per share.
If you own shares of Krispy Kreme stock and wish to discuss the
legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1071-kkd-krispy-kreme-doughnuts-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-brodsky--smith-llc-announces-investigation-of-the-board-of-directors-of-krispy-kreme-doughnuts-inc--kkd-300265458.html
SOURCE Brodsky & Smith, LLC